New Car Interest Rates 2024 . There is a possibility that auto finance rates will start to drop in the next year — here’s what that means for car buyers, lenders and the auto industry. The average auto loan interest rate in the second quarter of 2024 was 6.84% for new vehicles and 12.01% for used vehicles, according to experian.
With terms that can adjust to fit your financial scenario, auto loans present a flexible path to car ownership, distributing the vehicle’s cost over manageable monthly payments. However, the rate you receive on a car.
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